Property investors have seen a 1.13% gain in GRIFFITH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains GRIFFITH, 2680 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $313,500
Profits averaged 6.1% per annum over a 3-year period, due to an upward trend in home prices in GRIFFITH, 2680.
This means, real estate investors could earn a rental income of $340 based on current median home prices for the suburb.
The gross rental yield in GRIFFITH, 2680 is 5.64%.
An average of 25.33 real estate transactions take place per month in GRIFFITH which translates to 304 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.28%||28.83%|
|Median 3 years||18.3%||33.25%|
|Median 5 years||19.43%||23.17%|
|10 years average annual||1.41%||1.93%|
|Weekly media advert. rent||$340||$290|
|Time on Market||72.4 days||98.2 days|
|Gross Rental Yield Percent||5.64%||5.97%|